2014 will long be remembered for a series of mega security breaches and attacks starting with the Target breach in late 2013 and ending with Sony Pictures Entertainment. In the 2014: A Year of Mega Breaches study sponsored by Identity Finder, the following findings reveal changes companies are making to their security strategies.
• More resources are allocated to preventing, detecting and resolving data breaches. According to 61 percent of respondents, the budget for security increased by an average of 34 percent. Most was used for SIEM, endpoint security and intrusion detection and prevention.
• Senior management gets a wake up call and realizes the need for a stronger cyber defense posture. Sixty-seven percent of respondents say their organization made sure the IT function has the budget necessary to defend it from data breaches.
• Operations and compliance processes are changing to prevent and detect breaches. Sixty percent of respondents say they made changes to operations and compliance processes to establish incident response teams, conduct training and awareness programs and use data security effectiveness measures.
We hope you will read the full report.